Mackenzie Aggregate Bond Etf Five Year Return
| QUB Etf | 80.80 0.26 0.32% |
Mackenzie Aggregate Bond fundamentals help investors to digest information that contributes to Mackenzie Aggregate's financial success or failures. It also enables traders to predict the movement of Mackenzie Etf. The fundamental analysis module provides a way to measure Mackenzie Aggregate's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Mackenzie Aggregate etf.
Mackenzie |
Mackenzie Aggregate Bond ETF Five Year Return Analysis
Mackenzie Aggregate's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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According to the company disclosure, Mackenzie Aggregate Bond has a Five Year Return of 0.0%. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Global Fixed Income (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Mackenzie Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mackenzie Aggregate's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Mackenzie Aggregate could also be used in its relative valuation, which is a method of valuing Mackenzie Aggregate by comparing valuation metrics of similar companies.Mackenzie Aggregate is currently under evaluation in five year return as compared to similar ETFs.
Mackenzie Fundamentals
| Beta | 0.78 | |||
| One Year Return | 4.60 % | |||
| Three Year Return | (3.20) % |
About Mackenzie Aggregate Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Mackenzie Aggregate Bond's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mackenzie Aggregate using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mackenzie Aggregate Bond based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Mackenzie Aggregate
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mackenzie Aggregate position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mackenzie Aggregate will appreciate offsetting losses from the drop in the long position's value.Moving together with Mackenzie Etf
| 0.94 | FLGA | Franklin Global Aggregate | PairCorr |
| 0.96 | FGO | CI Enhanced Government | PairCorr |
| 0.89 | MGB | Mackenzie Core Plus | PairCorr |
Moving against Mackenzie Etf
| 0.83 | CBCX | CI Galaxy Blockchain | PairCorr |
| 0.82 | HBLK | Blockchain Technologies | PairCorr |
| 0.79 | FBTC | Fidelity Advantage | PairCorr |
| 0.79 | BTCQ | 3iQ Bitcoin ETF | PairCorr |
| 0.79 | EBIT | Bitcoin ETF CAD | PairCorr |
The ability to find closely correlated positions to Mackenzie Aggregate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mackenzie Aggregate when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mackenzie Aggregate - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mackenzie Aggregate Bond to buy it.
The correlation of Mackenzie Aggregate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mackenzie Aggregate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mackenzie Aggregate Bond moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mackenzie Aggregate can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Mackenzie Etf
Mackenzie Aggregate financial ratios help investors to determine whether Mackenzie Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mackenzie with respect to the benefits of owning Mackenzie Aggregate security.